Machina Capital S.A.S. Purchases Shares of 7,301 TechnipFMC plc (NYSE:FTI)

Machina Capital S.A.S. acquired a new position in shares of TechnipFMC plc (NYSE:FTI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,301 shares of the oil and gas company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of FTI. Smartleaf Asset Management LLC lifted its stake in shares of TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of TechnipFMC during the fourth quarter worth about $45,000. V Square Quantitative Management LLC lifted its stake in shares of TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 563 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of TechnipFMC during the third quarter worth about $56,000. Finally, True Wealth Design LLC acquired a new position in shares of TechnipFMC during the third quarter worth about $57,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup boosted their price objective on TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. TD Cowen reiterated a “buy” rating and issued a $37.00 price target on shares of TechnipFMC in a research note on Wednesday, November 27th. Barclays boosted their price target on TechnipFMC from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. The Goldman Sachs Group began coverage on TechnipFMC in a research note on Friday, December 13th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Jefferies Financial Group upgraded TechnipFMC from a “hold” rating to a “buy” rating and boosted their price target for the stock from $29.00 to $40.00 in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $36.31.

TechnipFMC Trading Up 1.5 %

Shares of NYSE FTI opened at $26.71 on Monday. The stock’s 50 day moving average price is $30.40 and its two-hundred day moving average price is $28.63. TechnipFMC plc has a 52-week low of $21.78 and a 52-week high of $33.45. The stock has a market capitalization of $11.23 billion, a P/E ratio of 17.57 and a beta of 1.54. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.